Why a lower rating hasn't hurt Citicorp.

The article focuses on the strategy of Citicorp. after being downrated by Moody's Investors Service Inc. and Standard & Poor's Corp. in New York. It mentions the challenges encountered by the company in dealing with its ailing financial performance despite the 9% gain on its earnings in 1981. However, it notes the firm's determination to recover its losses and declining ratings through its long-range prospects. Citicorp's stringent management on its assets is also noted.